Deutsche EuroShop: Acquisition of Herold-Center Norderstedt
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Deutsche EuroShop: Acquisition of Herold-Center Norderstedt

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Deutsche EuroShop: Acquisition of Herold-Center Norderstedt Deutsche EuroShop: Acquisition of Herold-Center Norderstedt Presentation Transcript

  • HEROLD-CENTERNORDERSTEDT 11.2012
  • 11.2012 HEROLD-CENTER NORDERSTEDT ACQUISITION 20th shopping center in the portfolio  16th shopping center in Germany, 20th overall  location: Norderstedt, a northern suburb of Hamburg  acquisition of 100%, i.e. asset deal Hamburg  investment volume: €187 million Berlin  net initial yield: 6.1% Wolfsburg Wildau Magdeburg Hameln Hamm Dessau Wuppertal Kassel Dresden Wetzlar Sulzbach Viernheim Passau 2
  • 11.2012 HEROLD-CENTER NORDERSTEDT CITY & AREA Norderstedt  75,300 inhabitants  Purchase power index: 117.8  Centrality: 105.8%  Unemployment rate: 4.6% (Schleswig-Holstein: 6.4%)  Catchment area Driving distance Inhabitants up to 5 min. approx. 32,000 5 to 15 min. approx. 82,000 15 to 30 min. approx. 367,000 total approx. 481,000 3
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER 4
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Herold-Center Norderstedt  55,500 sqm lettable space  26,000 sqm selling space (36,400 retail space)  approx. 130 shops  in addition residential and office component:  14,000 sqm living space (256 units)  5,000 sqm office space  public transportation adjacent to the center  managed by ECE (since 1981)  approx. 850 parking spaces  occupancy: 100% in retail, 16 vacant residential units of which 12 are just renovated, 760 sqm vacant storage space and 40 sqm vacant office space 96% in total  0.5 million people living in the catchment area  Opening/extensions: 1971, 1995, 2003  Website: www.herold-center.de 5
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Herold-Center Norderstedt 6
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Herold-Center Norderstedt  tenant‘s sales productivity: €4,660 per sqm avg. DES’ centers: €4,310 per sqm avg. German retail: €3,430 per sqm  rent-to-sales ratio: 10.2%  annualised rent 2013: €13.2 million  avg. rental income per month: €19.30  retail: €24.30  residential: €7.50 (last lettings €8.50 to €10.50)  office: €13.20  weighted maturity of rental contracts: 5.2 years 7
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Competition 8
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Retailer-Mix fashion health & beauty catering shoes/leather food services non-food 9
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Layout Ground floor 10
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Layout 1st floor 11
  • 11.2012 HEROLD-CENTER NORDERSTEDT CENTER Layout basement & residential 12
  • 11.2012 HEROLD-CENTER NORDERSTEDT APPENDIX Contact Deutsche EuroShop AG Investor & Public Relations Oderfelder Straße 23 20149 Hamburg Tel. +49 (40) 41 35 79 - 20 / -22 Fax +49 (40) 41 35 79 – 29 Claus-Matthias Böge Chief Executive Officer E-Mail: ir@deutsche-euroshop.com Web: www.deutsche-euroshop.com ir-mall.com facebook.com/euroshop flickr.com/desag Olaf G. Borkers Chief Financial Officer slideshare.net/desag This presentation is a FSC certified product. twitter.com/des_ag youtube.com/DeutscheEuroShop Important Notice: Forward-Looking Statements Statements in this presentation relating to future status or circumstances, including Patrick Kiss statements regarding management’s plans and objectives for future operations, sales and Head of Investor & Public Relations earnings figures, are forward-looking statements of goals and expectations based on estimates, assumptions and the anticipated effects of future events on current and developing circumstances and do not necessarily predict future results. Many factors could cause the actual results to be materiallydifferent from those that may be expressed or implied bysuch statements. Deutsche EuroShop does not intend to update these forward-looking statements and does not assume any obligation to do so. Nicolas Lissner Manager Investor & Public Relations 13